Trilogy Metals Inc. (TSE:TMQ) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Trilogy Metals Inc. (TSE:TMQ) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$7.00.

TMQ has been the topic of a number of recent research reports. National Bank Financial lowered their price objective on shares of Trilogy Metals from C$9.50 to C$7.50 and set a “sector perform” rating on the stock in a report on Wednesday, April 15th. Raymond James Financial upgraded shares of Trilogy Metals from a “hold” rating to a “moderate buy” rating in a report on Monday, April 6th. Finally, Freedom Capital upgraded shares of Trilogy Metals to a “strong-buy” rating in a report on Thursday, March 19th.

Trilogy Metals Stock Performance

Shares of TMQ stock opened at C$4.78 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.25 and a current ratio of 1.46. The company has a market capitalization of C$824.77 million, a P/E ratio of -17.07 and a beta of 1.39. The company’s 50 day moving average price is C$5.75 and its two-hundred day moving average price is C$6.03. Trilogy Metals has a 52 week low of C$1.76 and a 52 week high of C$15.21.

Trilogy Metals (TSE:TMQ) last announced its earnings results on Thursday, April 2nd. The company reported C($0.05) EPS for the quarter. On average, analysts expect that Trilogy Metals will post -0.07 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William L. Iggiagruk Hensley sold 50,000 shares of Trilogy Metals stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of C$6.08, for a total value of C$304,000.00. Following the sale, the director directly owned 18,531 shares in the company, valued at C$112,668.48. This trade represents a 72.96% decrease in their ownership of the stock. 17.86% of the stock is owned by company insiders.

Trilogy Metals Company Profile

Trilogy Metals Inc is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the UKMP in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide (“VMS”) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization.